ACQUISITION | Pixr8 News

24Nov By PriyankaNo Comments

ACQUISITION

Adobe acquired Rephrase.ai, AI-driven video creation startup

Adobe, the renowned software company, has recently acquired Rephrase.ai, an AI-driven video creation startup based in Bengaluru, making it their first generative AI acquisition in India. According to the Economic Times, Adobe plans to integrate Rephrase's technology stack and generative AI video capabilities into their native video-editing platform, Creative Cloud. This strategic move aims to enhance and expand Adobe's range of services. The acquisition of Rephrase.ai will empower Adobe to seamlessly incorporate AI-driven video content tools across their software suite. This comes at a time when corporations are actively seeking AI-powered solutions to complement their daily work processes. Rephrase.ai, founded in 2019 by Ashray Malhotra, Nisheeth Lahoti, and Shivam Mangla, all g...

Flexport acquired digital freight network Convoy

2Nov By AnkitaNo Comments

ACQUISITION

Flexport acquired digital freight network Convoy

NY, 2nd November 2023: Flexport, a venture-funded freight forwarder, made an announcement on Wednesday regarding its acquisition of Convoy's technology stack. According to a report by FreightWaves last week, the two freight startups were in talks discussing this acquisition, as Convoy, a freight brokerage, had recently shut down on October 19. In an email sent to Flexport's team on Wednesday afternoon, Ryan Petersen, the CEO and founder of Flexport, stated that their strategy would be to provide a comprehensive range of trucking services to customers who consider them a one-stop-shop for global logistics. He added that thanks to this deal, they are now in an excellent position to fulfill their product vision as a true one-stop-shop, capable of shipping any product, in any quantity, bet...

21Mar By AdityaNo Comments

ACQUISITION

Pornhub Acquired by ECP

MONTREAL, March 16, 2023 - Ethical Capital Partners (ECP), a private equity firm announced that it has acquired MindGeek, a technology and media company, owner of a large portfolio of adult entertainment properties, including Pornhub, YouPorn, Redtube, Brazzers, Men.com, Sean Cody, Trans Angels and Nutaku. MindGeek is a dynamic tech company that manages some of the most popular adult entertainment platforms in the world. MindGeek platforms feature the best selection of award-winning adult content and performers, the most extensive collection of high-quality adult videos and the most user-friendly experience for viewers. Pornhub is the world’s premier adult entertainment community, featuring the best selection of award-winning performers, the most extensive...

Google to Acquire Mandiant for $5.4 billion

15Mar By NitishNo Comments

ACQUISITION

Google to Acquire Mandiant for $5.4 billion

RESTON, Va., March 15th, 2022 – Mandiant, Inc. (NASDAQ: MNDT) today announced that it has entered into a definitive agreement to be acquired by Google LLC for $23.00 per share in an all-cash transaction valued at approximately $5.4 billion, inclusive of Mandiant’s net cash. The offer price represents a 57% premium to the undisturbed 10-day trailing volume weighted average price as of February 7, 2022, the last full trading day prior to published market speculation regarding a potential sale of the Company. Upon the close of the acquisition, Mandiant will join Google Cloud. For the past 18 years, Mandiant has delivered unparalleled frontline expertise and industry-leading threat intelligence. Mandiant’s more than 600 consultants currently respond to thousands of security breaches each y...

25Jan By NitishNo Comments

ACQUISITION

WeWork Announces Acquisition of Common Desk

NEW YORK, Jan25th,2021-- WeWork Inc. (NYSE: WE) and Common Desk announced that the companies have signed a definitive agreement under which WeWork will acquire Common Desk, a premier flexible workspace provider based in Dallas, Texas. The transaction is WeWork’s latest step in executing on a path towards cost-efficient, strategic growth. Founded in 2012, Common Desk has expanded its network to serve 4,000 customers at a total of 23 locations across 13 cities in Texas and North Carolina. Over the past decade, Common Desk has achieved disciplined growth through strategic management agreements with landlords that have enabled the company to perform at strong margins by minimizing capital expenditures. Within Common Desk's existing portfolio, 19 of 23 locations are operated under managemen...

Bolt acquires Oneclick Payment Platform Tipser

29Nov By AdityaNo Comments

ACQUISITION

Bolt acquires Oneclick Payment Platform Tipser

SAN FRANCISCO, Nov. 29, 2021-- Bolt, a leading checkout and shopper network company has acquired Tipser, the Swedish-based tech company enabling commerce on any digital surface, to realize their shared vision of enabling shoppers to check out immediately at the point of discovery. 84% of shoppers look for insights on at least one social media platform before purchasing, according to Pew Research Center, and 52% of socially-engaged shoppers have initiated a purchase through a social platform, according to Inmar Intelligence. Meanwhile, the creator economy is a booming $104B market, according to CB Insights, and demands better monetization tools to further accelerate growth. While social commerce is still nascent in the history of eCommerce, its adoption has ramped up over the past y...

15Nov By AnkitaNo Comments

ACQUISITION

Uber Freight Completes Acquisition of Transplace

SAN FRANCISCO & FRISCO, Texas-- Uber Freight, a subsidiary of Uber Technologies, Inc. (NYSE: UBER), announced that it has completed the acquisition of Transplace from TPG Capital for approximately $2.25 billion in an all-cash transaction. As partial financing for this transaction, Abu Dhabi Growth Fund (ADG), D1 Capital, and GCM Grosvenor invested $550 million in Uber Freight. The transaction brings together Uber Freight’s vast network of digitally-enabled carriers with Transplace’s trusted shipper technology and operational solutions, ultimately creating one of the world’s leading logistics technology platforms to meet the rapidly evolving needs of shippers and carriers alike. “Logistics is going through a historic transformation. Unprecedented volatility, increasing supply cha...

Hamster Garage acquires YC-backed Swipehouse

13Oct By PriyankaNo Comments

ACQUISITION

Hamster Garage acquires YC-backed Swipehouse

CHICAGO, Oct. 12, 2021-- Hamster Garage, a leading partnerships and affiliate marketing agency has acquired Swipehouse, an influencer marketplace connecting brands and creators. Swipehouse allows influencers and brands to seamlessly match and scale marketing campaigns across a network of thousands of vetted influencers with a combined reach of over 1 billion followers and hundreds of companies. As the marketing landscape continues to evolve with rising costs, privacy concerns and a need to diversify channels, brands want to grow their influencer marketing efforts. Initially built as a social app for creators, Swipehouse has a deals feature that allows influencers to apply to promote brands. Brands can receive submissions, approve or deny applicants, message creators, receive and ap...

14Sep By PriyankaNo Comments

ACQUISITION

Intuit acquired Email Marketing Platform Mailchimp for $12 billion

MOUNTAIN VIEW, Calif., 14th Sept 2021-- Intuit (Nasdaq: INTU), the global technology platform has agreed to acquire Mailchimp, a leading email marketing platform for approximately $12 billion in cash and stock deal. After this acquisition Intuit's planning to become an AI-driven marketing platform using the center of small business growth; and to disrupt the small business mid-market. Mailchimp brings to Intuit technology at scale along with global customer reach. Founded in Atlanta, GA in 2001, Mailchimp began by offering email marketing solutions and evolved into a global leader in customer engagement and marketing automation fueled by a powerful, cutting-edge AI-driven technology stack. Global customer reach with 13 million total users globally, 2.4 million monthly activ...

PayU acquire Indian Payment Giant BillDesk for $4.7 billion

1Sep By NitishNo Comments

ACQUISITION

PayU acquire Indian Payment Giant BillDesk for $4.7 billion

Mumbai, 1st Oct 2021: In one of the biggest deals in the Indian consumer internet space, global player Prosus NV on Tuesday said its fintech business PayU will buy digital payments provider BillDesk for USD 4.7 billion With the deal, the Netherlands-incorporated Prosus NV's investment in India will jump to more than USD 10 billion. The PayU-BillDesk transaction, which is subject to approval from the Competition Commission of India (CCI), is expected to close by early 2022, Prosus Group CEO Bob van Dijk told reporters during a briefing. "The combination will create a leading digital payments company in India and globally, and it is exceptionally well-positioned to expand deeper into the Indian fintech ecosystem as more and more Indian customers move from cash to digital transactions...

21Jul By NitishNo Comments

ACQUISITION

Byju’s acquires Epic for $500 mn

California, Jul 21, 2021: Edtech platform Byju's has acquired US-based digital reading platform Epic for USD 500 million (around Rs 3,729.8 crore). After the acquisition, Byju's will also invest an additional USD 1 billion (about Rs 7,459.7 crore) in the North American market. In a statement, Byju's said it has acquired Epic, a digital reading platform for kids aged 12 years and under, in a USD 500 million deal. The acquisition will help Byju's expand its footprint in the US by providing access to the more than two million teachers and 50 million kids in Epic's existing global user base, which has more than doubled over the last year, it added. Epic CEO Suren Markosian and co-founder Kevin Donahue will remain in their roles, the statement noted. Epic has a collection of ove...

YouTube acquired Indian video e-Commerce platform Simsim

20Jul By AdityaNo Comments

ACQUISITION

YouTube acquired Indian video e-Commerce platform Simsim

New Delhi, Jul 20th, 2021: YouTube said it will acquire Indian video e-commerce platform Simsim, as part of its efforts to help small businesses and retailers in India reach new customers. The detail of the transactions has not been disclosed. "We are taking another step to help viewers discover and buy products from local businesses, we have signed a definitive agreement to acquire Simsim and expect to complete the transaction in the coming weeks," Google said in a blogpost. There will be no immediate changes to Simsim and the app will continue operating independently, it added. YouTube is working on ways to showcase Simsim offers to YouTube viewers. In a joint statement, Simsim co-founders Amit Bagaria, Kunal Suri, and Saurabh Vashishtha said, "The platform was started to he...